Ethereum Pectra Upgrade Faces Technical Hurdles on Holesky Testnet

Ethereum’s Pectra upgrade, aimed at boosting scalability and network performance, encountered technical difficulties during its deployment on the Holesky testnet. The failed finality of the initial launch has raised concerns about potential delays for the April mainnet launch. 11 key Ethereum Improvement Proposals are part of the Pectra update, including EIP-7702 for enhanced smart contract capabilities and EIP-7251 for increased stake limits. While developers are actively troubleshooting the issue, any continued challenges could impact the timeline for the upgrade and its influence on the broader crypto market.